Which of these is NOT an example of a sunk cost that is subject to poor economic decision making?
A) a registration fee for a local 10K race
B) tuition that you paid for an economics course
C) a new laptop that you purchased for school
D) an appraisal fee to determine the value of a house you are thinking of buying

Question

Quizplus · Accepted Answer

A new laptop purchased for school is not a sunk cost because it can still be used or resold, whereas the other options are costs that have already been incurred and cannot be recovered.

Which of These Is NOT an Example of a Sunk